Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Stephens Consulting LLC

Stephens Consulting LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 37.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,515 shares of the e-commerce giant’s stock after buying an additional 949 shares during the period. Stephens Consulting LLC’s holdings in Amazon.com were worth $669,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the fourth quarter valued at $25,000. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth about $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $35,000. Perritt Capital Management Inc lifted its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc bought a new position in shares of Amazon.com during the fourth quarter worth about $51,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. JMP Securities reissued a “market outperform” rating on shares of Amazon.com in a report on Tuesday, May 6th. Benchmark reiterated a “buy” rating and issued a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Morgan Stanley reduced their price objective on Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Raymond James Financial reaffirmed an “outperform” rating and issued a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Finally, Needham & Company LLC reissued a “buy” rating and set a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $245.60.

Insider Activity

In related news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the sale, the chief executive officer directly owned 2,148,694 shares in the company, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the sale, the senior vice president directly owned 47,030 shares of the company’s stock, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,426,963 shares of company stock valued at $757,297,707 over the last quarter. Insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $223.13 on Friday. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.34, a PEG ratio of 1.66 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock’s 50 day moving average price is $205.76 and its 200 day moving average price is $208.76.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.